Cerberus Capital
PE firm with distressed debt and operational turnaround focus
2
Brands Owned
2
Documented Impacts
2
Bankruptcies
2
Industries
2 bankruptcies under their ownership
🏭 Manufacturing & Industrial🏥 Hospitals & Healthcare Systems
Brands Owned by Cerberus Capital (2)
🏭1 impact
Remington Arms
Manufacturing & Industrial · 10 locations
Cerberus acquired America's oldest gun manufacturer (founded 1816) in 2007 via LBO. Loaded with debt, filed bankruptcy in 2018 and again in 2020, ultimately broken up and sold in pieces. ~3,500 jobs lost.
🏥1 impact
Steward Health Care
Hospitals & Healthcare Systems · 6 locations
Cerberus sold off hospital real estate in sale-leaseback deals extracting ~$800M, loaded debt, and extracted dividends while hospitals deteriorated. Patients suffered, multiple states investigated. Filed bankruptcy in 2024.